Form of Reports. That all such reports shall be substantially in the following format: (a) in the case of a dishonored instrument, the report shall be identical to the overdraft notice customarily forwarded to the institution’s other regular account holders; (b) if an instrument is honored but at the time of presentation the total funds in the account, both collected and uncollected, do not equal or exceed the amount of the instrument, the report shall identify the financial institution, the attorney or law firm maintaining the account, the account name, the account number, the date of presentation for payment, and the payment date of the instrument, as well as the amount of the overdraft created.
Appears in 5 contracts
Samples: Financial Institution Compliance Agreement, Financial Institution Compliance Agreement, Financial Institution Compliance Agreement
